RFID and Drastic Cost Savings in Oil & Gas Sector
July 9, 2016—
In recent years Oil & Gas companies have been at the forefront of the struggle against a substantial decline in fossil fuel prices. Accordingly, these companies are looking for groundbreaking methods of cost control in this capital-intensive enterprise. A considerable portion of expenses are directed towards the management of costly equipment in oil and gas fields, refineries, and petrochemical plants. Every year tremendous amounts of resources are spent, specifically on asset maintenance and repair.